Ontario S. Wooden

The Board of Trustees held a special meeting to review and approve the All-Funds Budget for the 2027 fiscal year. The discussion focused on aligning the budget with the institution's Vision 2030, addressing financial challenges such as inflation and deferred maintenance, and implementing strategies for revenue growth and cost-saving measures, including personnel restructuring and reduced operational expenses. Additionally, the Board reviewed institutional budget objectives, revenue and expense projections, and financial workflow improvements aimed at increasing transparency and long-term financial stability.

The board convened for a special meeting to address a specific personnel matter, which involved the deliberation and final approval of the contract for the women's basketball coach. The session included an executive closed session to discuss the personnel item and maintain attorney-client privilege before returning to open session for a formal vote.

The agenda for this special meeting focused on the presentation and formal vote regarding the adoption of the All-Funds Budget.

The Board of Trustees met to discuss and approve various campus facility improvement projects funded by Title III. Projects authorized include renovations to the Alfonso Elder Student Union gaming room, Miller Morgan Auditorium, and School of Education Auditorium, as well as a fire alarm system replacement for New Residence Hall 2, electrical upgrades at the Walker Complex, and a campus electrical sub-metering design project. Additionally, the Board granted the Chancellor delegation of authority to approve projects under $750,000, provided that quarterly status reports are submitted to the Board. The meeting also included a closed session regarding personnel matters.

The Board discussed key institutional updates including significant enrollment growth, strong research proposal and award figures, and progress toward R2 Carnegie Classification. Financial updates focused on fundraising goals, budget development for the upcoming fiscal year, and a proposed housing project to address bed shortages. The meeting also addressed audit progress, athletic department performance, and governance updates regarding the Foundation Board and alumni associations. Future commencement dates and facility naming ceremonies were also announced.